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ASEAN to launch joint oil product stockpiling scheme as early as 2027, Nikkei reports

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Summary

In a move to bolster regional energy security, ASEAN nations plan to roll out a collective oil stockpiling project by 2027. This initiative will establish crucial storage locations in Indonesia and Thailand, enabling member states to share resources. Initially, during emergencies, the Philippines will access diesel and gasoline from these shared reserves.

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    ASEAN to launch joint oil product stockpiling scheme as early as 2027, Nikkei reports

    In a move to bolster regional energy security, ASEAN nations plan to roll out a collective oil stockpiling project by 2027. This initiative will establish crucial storage locations in Indonesia and Thailand, enabling member states to share resources. Initially, during...

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